David B. Soule, Jr. Sells 2,000 Shares of The First Bancorp Inc. (FNLC) Stock
The First Bancorp Inc. (NASDAQ:FNLC) Director David B. Soule, Jr. sold 2,000 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $23.91, for a total transaction of $47,820.00. Following the transaction, the director now directly owns 17,331 shares in the company, valued at approximately $414,384.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
The First Bancorp Inc. (NASDAQ:FNLC) opened at 24.98 on Thursday. The company has a market cap of $269.48 million, a PE ratio of 15.42 and a beta of 0.61. The stock’s 50 day moving average is $23.49 and its 200 day moving average is $21.79. The First Bancorp Inc. has a 12 month low of $17.37 and a 12 month high of $25.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Wednesday, October 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.68%. The First Bancorp’s dividend payout ratio is currently 56.79%.
The First Bancorp Company Profile
The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, an operating division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.
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